Non-produced assets: The particularities of recognition and measurement at public sector organizations

2020 ◽  
Vol 23 (9) ◽  
pp. 981-995 ◽  
Author(s):  
S.V. Kozmenkova ◽  
T.S. Maslova
Keyword(s):  
Comparative Analysis ◽  
Public Sector ◽  
Scientific Community ◽  
Theory And Practice ◽  
Accounting Standard ◽  
Public Sector Organizations ◽  
Accounting Theory ◽  
Evaluation Measurement ◽  
Accounting Procedure

Subject. This article examines the Federal Accounting Standard Non-Produced Assets, which will be implemented from 2021. Objectives. The article aims to analyze the structure of non-produced assets, their measurement and accounting procedure, and recognition. Methods. For the study, we used a comparative analysis and the methods of induction and deduction, and classification. Results. Based on an analysis of the provisions of the Non-Produced Assets Standard for public sector organizations, the article identifies problematic issues of valuation and measurement of these assets. It suggests returning to the principle of separate accounting of current and capital outlays in the subsequent assessment of non-produced assets for reconstruction and modernization costs. Conclusions and Relevance. Non-produced assets are a new object of budgetary accounting. In order to properly and reasonably apply the provisions of the Non-Produced Assets Standard in practice, we believe that detailed explanations and guidance on these accounting facilities recognition, evaluation, measurement, accounting and reporting are needed to be presented by both the regulator and the scientific community and practitioners. The results of the study can be applied in budgetary accounting theory and practice.

Subsequent measurement of property, plant and equipment in the new Federal Accounting Standard for non-public sector organizations

2021 ◽  
pp. 21-30
Author(s):  
Emilia Sergeevna Druzhilovskaya
Keyword(s):  
Public Sector ◽  
Accounting Standards ◽  
Previous Article ◽  
Healthcare Organizations ◽  
Accounting Standard ◽  
Public Sector Organizations ◽  
Subsequent Measurement ◽  
Initial Measurement

In the previous article, we examined the rules for the initial measurement of property, plant and equipment established by the new Federal Accounting Standards (FAS) for non-public sector organizations, including healthcare organizations. This article analyzes the regulations for the subsequent measurement of these assets contained in the new FAS 6/2020 “Property, plant and equipment” and coming into force from 2022. At the same time, the article examines the most important innovations of this FAS in the field of subsequent measurement of property, plant and equipment in the accounting of non-public sector organizations (including healthcare organizations), identifies problematic issues in this area and provides recommendations for their solution.

Federal accounting standard for public finance “Intangible assets”: compliance with current legislation and IFRS OS

2020 ◽  
pp. 12-18
Author(s):  
Marina Aleynikova
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
Financial Reporting ◽  
Intangible Assets ◽  
Reporting Standard ◽  
Accounting Standard ◽  
Public Finances ◽  
New Approaches ◽  
Public Sector Organizations

Starting from January 1, 2021, the Federal accounting standard for public finances “Intangible assets” is being introduced. The article focuses on the use of new approaches by public sector organizations to organize accounting (budget) accounting of intangible assets, as well as their correlation with the requirements of current legislation and the international public sector financial reporting standard IFRS OS 31 “Intangible assets”.

Subsequent measurement of intangible assets in the new federal accounting standard for public sector organizations

2020 ◽  
pp. 4-11
Author(s):  
Emilia Druzhilovskaya
Keyword(s):  
Public Health ◽  
Public Sector ◽  
Intangible Assets ◽  
Health Organizations ◽  
Accounting Standard ◽  
Regulatory Documents ◽  
Public Health Organizations ◽  
Public Sector Organizations ◽  
Subsequent Measurement

This article examines the regulations for the subsequent evaluation of intangible assets established by the new federal accounting standard for public sector organizations (including public health organizations in this sector). These regulations are analyzed in conjunction with the requirements of other regulatory documents on accounting. The author identifies the main problematic issues associated with the subsequent valuation of intangible assets of public sector organizations (including health organizations of the specified sector) and substantiates proposals for their solution.

Rules of measurement after recognition of inventories in the new Federal Accounting Standard for non-public sector organizations

2020 ◽  
pp. 16-23
Author(s):  
Emilia Sergeevna Druzhilovskaya
Keyword(s):  
Public Sector ◽  
Previous Article ◽  
Healthcare Organizations ◽  
Accounting Standard ◽  
Public Sector Organizations ◽  
Federal Standard

In a previous article, we analyzed the measurement requirements for the recognition of inventories in the Federal Accounting Standard, which will come into force in 2021, for non-public sector organizations, including healthcare organizations in this sector. In this article, we investigate the rules of measurement after recognition of inventories established in the above Federal Standard. In this article, we analyze the most important innovations of this Federal Standard in relation to the measurement after recognition of the above assets of non-public sector organizations (including healthcare organizations of this sector), identify the main issues in this area and provide proposals for their solution.

scholarly journals Murabahah accounting in BNI Syariah Makassar

2018 ◽  
Vol 2 (1) ◽  
pp. 14-21
Author(s):  
Firman Manne ◽  
Muh. Idris ◽  
Erni Erni
Keyword(s):  
Comparative Analysis ◽  
Design Methodology ◽  
Theory And Practice ◽  
Accounting Theory

This research aims to know and analysis implementation of murabahah accounting especially of manifestation murabaha accounting in BNI Syariah. Design methodology used comparative analysis between accounting theory and practice in Syariah banking.The result showed that the implementation of murabahah accounting on BNI Syariah Makassar has been suitable with PSAK 102 especially for recognition, measurement, recording, and disclosure, except for accounting treatment when event of arrears and receipts of arrears installments. BNI Syariah Makassar didn’t give any accounting treatment. Whereas in PSAK 102 is stipulated that when there is arrears and receipts of arrear installments, the margin is recognized proportional to the cash received

Depreciation of property, plant and equipment in the new Federal Accounting Standard for non-public sector organizations

2021 ◽  
pp. 20-30
Author(s):  
Emilia Sergeevna Druzhilovskaya
Keyword(s):  
Public Sector ◽  
Method Comparison ◽  
Accounting Standards ◽  
Healthcare Organizations ◽  
Accounting Standard ◽  
Public Sector Organizations ◽  
Analysis And Synthesis ◽  
Subsequent Measurement ◽  
Grouping Method ◽  
Method Analysis

The new accounting requirements for property, plant and equipment are undoubtedly relevant for Russian organizations. In previous articles, we analyzed the rules for the initial and subsequent measurement of property, plant and equipment provided for by the new Federal Accounting Standards (FAS) for non-public sector organizations (including healthcare organizations). This article examines the requirements for depreciation of the property, plant and equipment, established by FAS 6/2020 “Property, plant and equipment” and put into effect for mandatory application already from January 1 of the next year. Research methods included such methods as grouping method, comparison, analogy method, analysis and synthesis, systemic and logical approaches. As a result of the research carried out, the article identifies the most important innovations of this FAS in relation to the depreciation of property, plant and equipment of non-public sector organizations, including healthcare organizations in this sector, identifies problematic issues in the above area and substantiates proposals for their solution.

Accounting for impairment of property, plant and equipment of non-public sector organizations

2021 ◽  
pp. 25-37
Author(s):  
Emilia Sergeevna Druzhilovskaya
Keyword(s):  
Public Sector ◽  
Systematic Approach ◽  
Healthcare Organizations ◽  
Accounting Standard ◽  
Analogy Method ◽  
Public Sector Organizations ◽  
Analysis And Synthesis ◽  
The Subject ◽  
Grouping Method ◽  
Method Analysis

The new Federal Accounting Standard (FAS) 6/2020 “Property, Plant and Equipment”, which will come into force in 2022, requires non-public sector organizations (including healthcare organizations in this sector) to take into account the impairment of property, plant and equipment. Such accounting is qualitatively new for these organizations. Consequently, it is very important to conduct a separate research of the rules for determining and recording the impairment of property, plant and equipment of non-public sector organizations. This research is the subject of this article. As research methods, the following were used: grouping method, analysis and synthesis, comparison, analogy method, logical approach, systematic approach. As a result of the research carried out, the article focuses on the fundamental issues of accounting for the impairment of the property, plant and equipment of non-public sector organizations (including healthcare organizations in this sector), identifies the most important problematic issues in this area and presents proposals for their solution.

Initial measurement of inventories in the new Federal Accounting Standard for non-public sector organizations

2020 ◽  
pp. 15-23
Author(s):  
Emilia Sergeevna Druzhilovskaya
Keyword(s):  
Public Sector ◽  
Healthcare Organizations ◽  
Accounting Standard ◽  
Material Production ◽  
Work In Progress ◽  
Public Sector Organizations ◽  
Federal Standard ◽  
Initial Measurement

This article analyzes the measurement rules for the recognition of inventories in the new Federal Accounting Standard for non-public sector organizations, including healthcare organizations in this sector. This standard comes into force in 2021 and, unlike RA 5/01, applies not only to accounting (including measurement) of material production inventories, but also to accounting (including measurement) of work in progress. The article examines the main innovations of the above-mentioned Federal Standard in relation to measurement when recognizing inventories, identifies the most important problematic issues in this area and provides recommendations for their solution.

Sign in / Sign up

Export Citation Format

Share Document